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Property profile & analytics
FOR LEASE
Retail properties & Spaces
65 Independence Dr Hyannis, MA 02601
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-0599856
For Lease
1 / 2
$37,355,000
65 Independence Dr, Hyannis, MA 02601
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
117,584 SF
Lot
9.68 ac (421,661 SF)
Zoning code
IND;B
APN
BARN M:295 L:015X01
UPID
US38-0599856
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
65 Independence Dr Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.16M
Comparable Approach
Comparable
$24.07M
Blend (final)
Blend
$37.36M
Owner & transaction history
Cr Southwind LLC · 1 yrs held
Cr Southwind LLC
since 2025
Last sale
$44.1M
7 recorded transactions
Zoning & alternative use
IND;B · Hyannis, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.1M
+9.5%
Commercial (general)
$27.5M
+3.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hyannis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hyannis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$40,250,000
6.5%
$37,155,000
7%
$34,500,000
Alternative Use
Use
Estimation
RETAIL STORES
$26,610,000
Current use
RESTAURANT
$29,135,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$27,505,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$25,930,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$37.36M
Range $33.62M – $41.09M · ±10% · vs last sale $44.10M (Oct 9 2024)
Last sale anchor
$44.10M
Oct 9 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$318 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$138,231
Tax year 2024
Assessed value
$17,214,300
Assessed 2024
Previous assessed
$17,214,300
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$9,559,400
Assessed improvement
$7,654,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
1
Bathrooms
4
Total area
117,584 SF
Lot
9.68 ac (421,661 SF)
Zoning code
IND;B
APN
BARN M:295 L:015X01
UPID
US38-0599856
Jurisdiction
BARNSTABLE
Zoning & alternative use
IND;B · Hyannis, MA
Zoning IND;B · permitted uses
IND;B · Hyannis, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hyannis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$26.6M
RESTAURANT
Est. value
$29.1M
COMMERCIAL (GENERAL)
Est. value
$27.5M
OFFICE BUILDING
Est. value
$25.9M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
1
Bathrooms
4
Lot
9.68 ac
Current owner
From public records · entity-resolved
Cr Southwind LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5820 WNW HWY #200, DALLAS, TX 75225-3201
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
$44,100,000
Cr Southwind LLC
Bv Southwind LLC
Deed
—
Jan 9, 2025
—
Cr Southwind LLC
—
Deed
related
$31,961,187 · Metro Cu
May 5, 2022
$61,750,000
Bv Southwind LLC
Ocw Retail Hyannis LLC
Deed
$46,312,500 · Veritex Cmnty Bank
May 8, 2007
$42,700,000
Ocw Retail Hyannis LLC
Flatley Ft
Grant Deed
—
Dec 29, 2006
$21,895,000
Ft Flatley
Flatley,thomas J
Grant Deed
—
Jun 27, 2003
—
Susan B James
—
Deed Of Trust
related
$163,367 · Household Finance Corp
Jun 17, 2003
—
Ann M Quinn
—
Deed Of Trust
related
$185,851 · Household Finance Corp
Aug 11, 1999
—
Paul J Tomkiewicz
—
Deed Of Trust
related
$7,500 · Household Finance Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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